CBPP Recommends Passthrough Deduction Repeal

Center on Budget and Policy Priorities

Repealing the deduction for passthrough business owners would raise significant revenue in a progressive way, reduce complexity and tax code abuse, and complement President Biden’s proposed corporate tax rate increase, the Center on Budget and Policy Priorities said in a June 1 report.

<p>Repealing the deduction for passthrough business owners would raise significant revenue in a progressive way, reduce complexity and tax code abuse, and complement President Biden’s proposed corporate tax rate increase, the Center on Budget and Policy Priorities said in a June 1 report.</p>